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The publication indicates that this is evidenced by the ex-president’s public statements, as well as his views expressed in private conversations. For example, in private negotiations, Trump is considering imposing an import tax on Chinese goods of 40 or even 60% of their value. According to analysts, the consequences for the US and the global economy if these plans are implemented will be far more serious than in the case of the trade war during Trump’s first presidency.
“The Washington Post” reminds that the current White House host, Joe Biden, has not repealed the tariffs introduced by Trump in 2018. The U.S. also introduced new restrictions on semiconductors and other devices. If Trump wins, he plans to significantly expand existing tariffs.
It is worth remembering that Trump imposed tariffs on $60 billion worth of Chinese products during his presidency. Trump called it a “push to revitalize U.S. industry.” In response, China imposed similar tariffs on $50 billion of U.S. goods. This led to a trade war between the world’s two largest economies.
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